DNC head THOMAS PEREZ
Posted on 03/22/2018 3:35:38 AM PDT by MarvinStinson
Records show the Democratic National Committee had to take out another loan in February, as the 2018 midterm elections loom.
The national arm of the Democratic Party took out a $1.7 million loan in February, raising the national party’s total debt above $6 million, the Daily Caller reported.
This comes as the DNC has consistently failed to keep up with its Republican counterpart's fundraising. The RNC brought in $12.8 million in February while the DNC only raised $6.9 million.
The DNC now has just over $10 million on hand compared to the $42 million the RNC has on hand. Still, RNC chairwoman Ronna Romney McDaniel expressed caution, telling Politico Wednesday that midterm elections tend to be "very difficult for a sitting president."
"Their first midterm, [parties in the White House] usually lose seats," McDaniel said. "We understand that, and so we’ve been preparing for that all year."
She said Trump has been engaged in the party’s strategy going into the 2018 elections.
"Most of our conversations are related to the midterms," she said. "In some cases, we’ll go through numbers. We take our data to the White House. He dials in. He wants to know. He’s very focused on that. We’ll talk about specific candidates, where we think that race will go, and what he can be doing to help."
The DNC is seeking to turn the page after the 2016 elections, when its financial woes led to taking out a loan from Hillary Clinton’s campaign. Clinton’s influence over the party became the subject of controversy after it came out that the DNC was working to help her in the presidential primary against Sen. Bernie Sanders (I., Vt.).
The DNC fundraising has improved since 2016–although it still lags behind the RNC’s–and DNC Chairman Tom Perez has insisted that things are going well. That insistence, however, has sometimes been misdirected, as was the case when he ran afoul of the Washington Post Fact-Checker earlier this month. Perez had said the party raised a record amount of cash in January of this year even though there were several instances in recent years when it raised more in January.
Perez said Republicans lead in fundraising because "they’ve got a lot more rich donors," but the RNC has outraised the DNC in small donations in recent years.
DNC head THOMAS PEREZ
If this picture isn’t any indication as to why. Thought soros was footing the bill?
The “Blue Wave” sounds like it’s sinking the Titanic
.....guess Bill, Hillary, and Chelsea
have plans for their several hundred
million stashed away.
Zuckerberg better cut a check!
I don’t get how they could be in debt when big billionaires donate money to them? They must be spending a whole lot of money!!!
The RNC keeps taking in the dough, but never gains cash on hand. That’s a terrible sign.
Much to do about nothing.
What is $6 million dollars to the DNC?
Small change.
Remember - Hillary spent about $1 Billion on her failed campaign.
Who loaned them 1.6 million when they are 6 million in debt and what do they expect in return ?
The article said the RNC has $42 million on hand, compared to the DNC’s $6 million. It looks like the RNC is doing better financially than the DNC.
I wonder, though, how much the free advertising and constant propaganda from the MSM and entertainment sectors is worth financially to the DNC. That has got to make up for any shortfalls in fundraising.
[Who loaned them 1.6 million when they are 6 million in debt and what do they expect in return ?]
Maybe the GOPe and they wouldn’t expect anything.
I doubt it; I believe the left has billions. They can spend unlimited amounts in dark money on elections.
The democrats haven't gotten a handle on how to siphon money from their constituency groups because they’ve alienated the very people that used to donate to them and their new groups, except the homos, doesn't have money.
If they regain power, the mney will flow back. Unmarried women, bitter single harpies, minorities, illegals are all broke or they don't want to give to the party of Hillary.
“Thought soros was footing the bill?”
I thought Uncle Scrotum Eyes was paying the tab too.
Peter Benjamin Lewis (November 11, 1933 – November 23, 2013) was an American businessman who was the chairman of Progressive Insurance.... Wikipedia
Peter Lewis is long dead. Unsure what the rest of his family is doing re: donations. They are all far-left, AFAIK.
Typical Demonic Party... using other peoples’ money to fund their perversion. SOP for the Demonics...
Thanks for the correction, I must have confused him with John Steyer..
Who would loan money to the Democrat Party? They don’t pay their bills.
If I were a banker, I sure wouldn’t want to loan them any money.
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